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Syllabus

Theory Base of Accounting — Syllabus

CBSE · Class 11 · Accountancy

What Theory Base of Accounting covers in CBSE Class 11 Accountancy: 4 topics, for the 2026-27 session. Part of the CBSE Class 11 Accountancy syllabus.

70 questions88 flashcards5 concepts

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4 Topics · CBSE Class 11 Accountancy · 2026-27

Topics in Theory Base of Accounting

1

1. Need for Theory Base of Accounting

  • Accounting records transactions, classifies them, summarises them, and interprets the results.
  • Accounting information must be reliable and comparable.
  • Comparability is needed for inter-firm comparison and inter-period comparison.
2

2. Generally Accepted Accounting Principles

  • GAAP means rules or guidelines adopted for recording and reporting business transactions.
  • GAAP is used to bring uniformity in preparation and presentation of financial statements.
  • The term principle is defined as a general law or rule adopted or professed as a guide to action, a settled ground or basis of conduct or practice.
3

3. Basic Accounting Concepts

  • The basic accounting concepts are the fundamental ideas underlying financial accounting.
  • The main concepts are: business entity, money measurement, going concern, accounting period, cost, dual aspect, revenue recognition, matching, full disclosure, consistency, conservatism, materiality,
  • These concepts support the theory and practice of accounting.
4

4. Important Basic Accounting Concepts

  • Business entity concept means business and owner are separate entities.
  • Money measurement concept records only transactions that can be expressed in money.
  • Going concern assumes the business will continue for a fairly long time.

Key Concepts

Central concept: Theory Base of Accounting

Generally Accepted Accounting PrinciplesBasic Accounting ConceptsSystems of accountingBasis of accountingAccounting standardsGoods and Services Tax

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Frequently Asked Questions

What are the important topics in Theory Base of Accounting for CBSE Class 11 Accountancy?
Key topics in Theory Base of Accounting include Need for Theory Base of Accounting, Generally Accepted Accounting Principles, Basic Accounting Concepts, Important Basic Accounting Concepts. Study these first, then practise questions on each for Class 11 exams.
How should I revise Theory Base of Accounting for Class 11 exams?
Learn the core ideas first, then work through the 70 practice questions on Theory Base of Accounting. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All CBSE Class 11 Accountancy Syllabus

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